Yellen Under Consideration by Biden Team for Treasury Chief (1)

Former Federal Reserve Chair Janet Yellen is under consideration to be President-elect Joe Biden’s Treasury secretary, according to people familiar with the matter, joining other possible contenders.

Yellen has withdrawn from at least one upcoming speaking engagement because she is now in contention for Treasury secretary, one of the people familiar with the matter said. The people spoke on condition of anonymity to discuss personnel deliberations.

Janet Yellen

Photographer: Andrew Harrer/Bloomberg

Biden has promised to pick a diverse cabinet, which means he could choose the first Black or female Treasury secretary in history. His team is also eyeing Fed Governor Lael Brainard and ...